Dow jumps after Fed soothes rate-hike worries

U.S. stocks rallied on Wednesday, driving the Dow to a record intraday high after the Federal Reserve held rates steady and flagged no new concerns about inflation, signalling that a rate hike this year was less likely.

Shares of banks and home builders -- companies sensitive to interest-rate increases -- climbed, while U.S. Treasury bond yields fell after the Fed announced its decision to keep the fed funds rate at 5.25 percent, as expected.

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